Job Market Monitor
Layoffs
SunTrust / To Cut 800 Jobs
SunTrust Banks (STI) has joined the lengthy list of major banks slashing jobs in their mortgage divisions Continue reading
Natixis (France) / Talks With Unions to Cut Up to 700 Jobs
French investment bank Natixis (KN.FR) Wednesday said it has begun negotiations with labor unions to cut about 700 jobs in France by the end of 2015. The bank, which is controlled by French mutual bank Groupe BPCE, said the \”new economic and regulatory context\” has forced changes in its staff organization. The bank\’s global payroll … Continue reading
Lockheed Martin / 600 more layoffs
Lockheed plans to notify affected employees on Nov. 6 Continue reading
Siemens / To cut 15,000 jobs worldwide
The ‘flagship’ German engineering and technology giant plans to shed 15,000 jobs worldwide by late 2014 in a cost-cutting drive Continue reading
US / More Than 8,000 Healthcare Jobs Cut in September
For the third time in the last five months, healthcare had the most job cuts of any sector, with 8,128 reported layoffs in September, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas. Over the course of this year, healthcare organizations have cut 41,085 total jobs, according to Challenger, Gray & … Continue reading
Pioneer Foods (South Africa) / To cut 10% of jobs
Local media reported that Pioneer plans to cut 10 percent of its more than 12,000 employees Continue reading
Tieto (Finland) / To cut a further 5 pct of workforce | Reuters
The latest cuts follow 1,600 job losses in a restructuring announced in March 2012 and completed this year Continue reading
Teva / The drug company to cut 5,000 jobs
Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce Continue reading
ProRail / The dutch railway operator to cut 600 jobs
ProRail, the state-owned Dutch railway network operator, is cutting its workforce by 15% over the next three years. Continue reading
UK / Royal Mail will cut thousands of jobs
Royal Mail has warned that thousands of postal workers will lose their jobs following its controversial privatisation. Continue reading
(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan
French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France Continue reading
Alcatel-Lucent / To slash 10,000 more jobs
Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs. 900 of those job losses will be made in France. Continue reading
Banca Monte dei Paschi di Siena SpA / To cut another 3,360 jobs
Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, pledged to cut an additional 3,360 jobs and increase capital to win support from the European Union for 4.1 billion euros ($5.6 billion) in state aid Continue reading
France / To cut about 7,500 jobs next year
France’s military will cut about 7,500 jobs next year, a defense ministry source said on Thursday Continue reading
Outokumpu / To cut 1,000 More Jobs
Outokumpu Oyj (OUT1V), the Finnish steelmaker that bought ThyssenKrupp AG (TKA)’s Inoxum unit last year, said it will dismiss 1,000 more employees in Europe to compensate for overcapacity amid a supply imbalance Continue reading
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